BankUnited - BKU Stock Forecast, Price & News

BankUnited, Inc. operates as the bank holding company for BankUnited, a national banking association that provides a range of banking services in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts; certificates of deposit; and treasury, commercial payment, and cash management services. Its loans portfolio includes commercial loans, including equipment loans, secured and unsecured lines of credit, formula-based loans, owner-occupied commercial real estate term loans and lines of credit, mortgage warehouse lines, letters of credit, commercial credit cards, small business administration and U.S. department of agriculture product offerings, export-import bank financing products, trade finance, and business acquisition finance credit facilities; commercial real estate loans; residential mortgages; and other consumer loans. The company also offers online, mobile, and telephone banking services. As of December 31, 2021, it operated through a network of 63 banking centers located in 13 Florida counties; and 4 banking centers in the New York metropolitan area. The company was formerly known as BU Financial Corporation. BankUnited, Inc. was incorporated in 2009 and is headquartered in Miami Lakes, Florida.

Wall Street Analysts Forecast Growth

BKU has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their price target on shares of BankUnited to $45.00 in a research note on Friday, July 22nd. StockNews.com raised shares of BankUnited from a "sell" rating to a "hold" rating in a research report on Friday, July 29th. JPMorgan Chase & Co. decreased their price target on shares of BankUnited from $43.00 to $38.00 and set an "underweight" rating for the company in a research report on Friday, July 1st. Wedbush raised their price target on shares of BankUnited to $40.00 in a research report on Friday, July 22nd. Finally, Keefe, Bruyette & Woods downgraded shares of BankUnited from an "outperform" rating to a "market perform" rating and set a $51.00 price target for the company. in a research report on Thursday, June 2nd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $45.00.

BankUnited Price Performance

NYSE:BKU traded down $0.25 during mid-day trading on Tuesday, reaching $38.41. 25,283 shares of the stock were exchanged, compared to its average volume of 616,348. The business has a fifty day moving average price of $37.18 and a 200 day moving average price of $40.26. The firm has a market capitalization of $2.99 billion, a PE ratio of 9.69 and a beta of 1.25. BankUnited has a 1-year low of $33.90 and a 1-year high of $46.75. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.60.

BankUnited (NYSE:BKU - Get Rating) last released its earnings results on Thursday, July 21st. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.90 by ($0.08). The firm had revenue of $238.87 million for the quarter, compared to analyst estimates of $245.42 million. BankUnited had a return on equity of 12.00% and a net margin of 32.13%. During the same period in the previous year, the firm earned $1.11 earnings per share. Research analysts expect that BankUnited will post 3.7 earnings per share for the current fiscal year.

BankUnited Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Thursday, July 14th were issued a $0.25 dividend. The ex-dividend date was Wednesday, July 13th. This represents a $1.00 annualized dividend and a yield of 2.60%. BankUnited's dividend payout ratio (DPR) is currently 25.25%.

Insider Buying and Selling

In related news, insider Jay D. Richards sold 7,415 shares of the business's stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $41.40, for a total value of $306,981.00. Following the completion of the sale, the insider now directly owns 30,973 shares in the company, valued at approximately $1,282,282.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.91% of the company's stock.